What is the CoGS worksheet?
A CoGS worksheet is just another type of worksheet that a company can use to determine the cost of goods sold before they are placed in inventory to sell. The items that are purchased are entered in the chart at the price they were purchased for, and the amount that the items are sold for is compared to this price.
Who Can Benefit From a CoGS Worksheet?
A company that sells a large variety of items will benefit from this type of worksheet. A retail store that has numerous items of the same type but different styles and sizes will also benefit.